Shriram Life New Shri Raksha Plan 2024 Benefits, Features, Details, Reviews

Shriram Life New Shri Raksha Plan –The traditional Shriram New Shri Raksha Plan is a participating plan that offers the policyholder a combined benefit of term insurance, endowment, and whole life insurance. Shriram Life Insurance offers a non-linked participating plan called the New Shri Raksha Plan. The aforementioned plan, among other benefits, provides double insurance coverage, maturity benefits, and total coverage beyond the policy term.

Are you looking to stay safe and secure in your life? If so, you’ll want to check out the new Shri Raksha Plan 2024 from Shriram Life. This comprehensive safety plan offers everything you need to protect yourself and your loved ones from any harm that might come your way. From home security to personal protection, this plan has everything you need to keep yourself and your loved ones safe. Don’t wait any longer – get started today!

Shriram Life New Shri Raksha Plan 2024

Are you looking for a life insurance plan that is tailored specifically to your needs? Shriram Life has got you covered! With our new Shri Raksha Plan 2024, you can rest assured that you and your loved ones will be taken care of no matter what happens. This plan offers a variety of benefits, including coverage for illness and death, and it’s affordable too – so you’ll never have to worry about budgetary constraints. don’t wait any longer – get in touch with Shriram Life today to learn more!

Uniquely, Shriram Life’s New Shri Raksha insurance plan provides double insurance coverage throughout the policy’s term. This non-linked participating insurance policy makes sure that the entire life insurance coverage is covered after the policy is up. Additionally, Sum Assured is granted upon plan maturity. Reversionary bonuses are also provided to policyholders to increase their life insurance and savings. Additionally, this plan offers riders, which, if purchased, can provide policyholders with additional protection. Additionally, the Shri Raksha Plan boasts simple procurement procedures and convenient policy tenures.

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Name Of Article	Shriram Life New Shri Raksha Plan 2024
Shriram Life New Shri Raksha Plan 2024	Click Here
Category	Insurance
Official Website	Click Also

Eligibility Who is the Shriram New Shri Raksha Plan for?

Are you looking to protect your family from any sort of financial hardship in the event of an emergency? If so, you might be eligible for the Shriram New Shri Raksha Plan. This life-saving insurance plan offers customizable coverage that can help protect you, your spouse, and your children from a variety of financial calamities. From medical expenses to lost wages due to a disability, the Shriram New Shri Raksha Plan has you covered. Don’t wait – get a quote today and find out how much protection you and your loved ones have!

Individuals will need to fulfill the following eligibility requirements in order to take advantage of the Shriram New Shri Raksha Plan:

Criteria	Eligibility
Age at entry (in years)	18 to 55 (as of last birthday)
Maximum age at maturity (in years)	75
Riders	Available

What is include and how much it costs in the Sum Assured and Premium Range?

Are you thinking about getting a home insurance policy? Do you have a specific question or concern that you’d like to ask? Well, we’ve got the answer! In this post, we’ll answer all of your questions about Sum Assured and Premium Range home insurance policies, and what’s included in each. We’ll also provide a cost breakdown so that you can understand exactly how much each policy will cost you. So whether you’re just starting to think about home insurance, or you’ve been weighing up your options for awhile now, read on to find out more!

Sum Assured

Minimum – Rs.1,50,000
Maximum: The sum assured limit is determined by the underwriting criteria outlined in the approved underwriting policy by the Board.

death of policyholder will be-

10 times the annual premium if the policyholder is younger than 45, and 7 times the annual premium if the policyholder is older than 45.
Twice the basic Sum Assured

Premium:

Premium that needs to be paid is as described in the table below:

Policy Tenure	Regular Pay – Fixed Tenures of 10/15/20/25 Limited Pay – Fixed Tenures of 15/20/25
Premium Payment Tenure	Policy Tenure	10	15	20	25
Premium Payment Tenure	Premium Payment Tenure	10	10/15	10/20	10/15/25
Mode of Premium Payment	Annually/Semi-annually/Quarterly/Monthly

All premiums are subject to variation based on plan term, age, location, and other factors.

Plan Coverage: What is included in the Shriram New Shri Raksha Plan?

In today’s world, it’s important to be protected from all possible risks. That’s why many people choose to get insurance policies that cover a variety of risks, including accidents, natural disasters, and terrorism. The Shriram New Shri Raksha plan is one such insurance policy that provides comprehensive coverage for a wide range of threats. In this post, we will discuss in detail what is included in the plan and what you need to know if you’re interested in enrolling.

All policies with a Sum Assured of at least Rs. 5 lakhs will receive the following rebate

Up to Rs. 9.99 lakhs: 3% of the base premium;
up to Rs. 10 lakhs: 4% of the base premium

Death Benefit	Sum Assured on Death, Accrued Reversionary Bonus, and Terminal Bonus, if any, are paid to the nominee in the event of the untimely death of the policyholder during the policy’s term, provided that all outstanding premiums have been paid. The death benefit will be at least 105% of all premiums paid up to the death date.Taxes and rider premiums are not included in this. After a death, this policy will not receive any additional bonuses.
Maturity Benefit	Sum Assured, Terminal Bonus, and Accrued Reversionary Bonuses, if any, will be paid out if the policyholder survives the term of the policy.
Extended Benefit	The insurance will cover the policyholder until they reach the age of 100 if they live to the end of the policy’s term. One basic Sum Assured will be paid out if the policyholder dies during this time or lives to be 100. After the policy expires, this benefit will be paid.
Reversionary Bonuses	The current state of the market will determine how these rates evolve from year to year.
Terminal Bonus	As long as all premiums have been paid in full, a terminal bonus can be awarded upon policy maturity or upon the individual’s death.
Sum Assured Rebates

Under the Shriram New Shri Raksha Plan, Additional Coverage: Plans for Riders and Add-Ons

The Shriram New Shri Raksha Plan comes with the option of riders which when procured, can provide additional coverage. This plan offers for riders.

Shriram Accident Benefit Rider	This rider can be profited notwithstanding the base arrangement. A rider Sum Assured will be paid in the event of the policyholder’s death as a result of an accident or their complete and permanent disability as a result of an accident during the rider tenure. From the date of the accident until the end of the rider term, Life Assured will not be required to pay any additional base policy premiums if they become completely disabled as a result of an accident. Benefits from taxes are also available.
Critical Illness Cover Rider	Individuals can obtain coverage against six major critical illnesses by purchasing this rider.These include: Heart Attack Cancer Stroke Major Organ Transplant Coronary Artery Bypass Surgery Kidney Failure Tax benefits are also available under this rider.
Extra Insurance Cover Rider	Life Assured’s life insurance can be increased by taking advantage of this rider.This is based on factors related to underwriting. If the policyholder dies unexpectedly, the nominee receives a lump sum benefit. Tax reductions are accessible in light of existing regulations.
Family Income Benefit Rider	The family of the policyholder is provid with additional protection by this rider, which can be purchased in addition to the base plan. During the rider’s tenure, 1% of the Sum Assured will be paid out immediately each month in the event of death or total and permanent disability as a result of an accident. For a period of ten years or until the end of the rider’s term, whichever comes first, this will be paid from the end of the accident month. This rider provides tax advantages.

What is not cover by the Shriram New Shri Raksha Plan?

The policyholder ends it all, whether normal or crazy inside a time of a year from strategy commencement or strategy recovery, 80% of all charges that have been settle barring duties and rider premium will be paid to the candidate. If not, the beneficiary or nominee will receive the surrender value.

Also Read-Kotak Sampoorn Bima Micro-Insurance Plan

Freelook Period, Surrender Values, Grace Period, and other important features

Free Look Period	Customers have the option to return the policy, along with the reasons for doing so, within 15 days of receiving it if they are dissatisfie with it.
Grace Period	Policyholders have 30 days to pay the premium using any method of payment they choose. During the grace period, the life insurance will remain in effect.
Advance Premiums	If policyholders so choose, they can prepay their premiums with Shriram Life. An IRDA-approve discount can be use to pay all premiums in advance for the current fiscal year.
Assignment	Section 38 of the Insurance Act of 1938 can be use to assign the policy.
Nomination	Under the policy, Section 39 of the Insurance Act of 1938 can be use to make a nomination.
Loan	Policyholders will be able to borrow up to 90% of the surrender value under this policy.
Special Surrender Value	Based on the fund’s performance, this amount could be greater than the guaranteed surrender value. Tax Benefits – How you can save with the Shriram New Shri Raksha Plan?

Other Benefits: How the Shriram New Shri Raksha Plan Can Help You Save Money

Shriram Life, one of the best insurance companies in the country, has a lot of plans to fit everyone’s needs. This company boasts a number of additional advantages in addition to the sheer number of plans available. Individuals can also call the Shriram Life Customer Care number with any additional inquiries. Additionally, individuals can calculate their plan’s premiums using the premium calculator on the Shriram Life website.

Why should you buy Shriram Life’s Shri Raksha Scheme?

Shriram Life is the go-to option for all insurance-related products, with over 528 branches, more than one crore customers, and over Rs. 1,020 crore in revenue. This company is currently one of the market’s most profitable, having turned a profit within the first three years. Shriram Life is a joint venture between Sanlam, one of South Africa’s largest insurance companies, and Shriram Group. Additionally, Shriram Life has one of the company’s highest claim-settlement ratios. One of the most sought-after insurance providers in the company thanks to its cutting-edge technology and superior customer service.

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